In February, the Departments of Labor, Treasury, and Health and Human Services issued final regulations implementing the new summary of benefits and coverage requirement under the Patient Protection and Affordable Care Act. The agencies also released a separate document providing additional guidance on the SBC requirement, which includes a template for the summary, instructions, sample language, a guide for coverage example calculations and the uniform glossary.
Under PPACA, group health plans and health insurance issuers are required to provide plan participants and beneficiaries with a summary document that accurately describes the benefits and coverage under the applicable plan or policy.
